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DOW - Downer EDI News Story

A$5.67 0.2  3.3%

Last Trade - 7:10am

Sector
Industrials
Size
Mid Cap
Market Cap £2.08bn
Enterprise Value £3.06bn
Revenue £6.47bn
Position in Universe 136th / 1913

BUZZ-Australia's Downer EDI hits near 10-week high on share buyback

Wed 28th April, 2021 1:13am
** Integrated services provider Downer EDI  DOW.AX  jumps
5.3% to A$5.6 after announcing a share buyback
    ** DOW plans to buy back up to 70.1 mln shares, or 10% of
shares on issue, via on-market transactions
    ** Shares near 10-week high, climbing by their most since
Feb. 15
    ** Buyback announcement follows sale of mining and laundry
assets for A$605 mln ($469.42 mln), of which A$476 mln has been
received so far 
    
($1 = 1.2888 Australian dollars)

 (Reporting by Nikhil Kurian Nainan)
 ((NikhilKurian.Nainan@thomsonreuters.com; Twitter:
@NikhilKurianN))
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